“The BP incident highlights big differences in how socially responsible funds prioritize various causes. Some of these managers considered BP’s stance on climate change a strong positive. ‘BP was the first to break the logjam on climate change policy’ and had been a leader on alternative energy, says Mark Regier, director of stewardship investing for MMA Praxis.”

– Quoted in Eleanor Laise, “Oops: ‘Socially Responsible’ Funds Hold Big Stakes of BP,” Wall Street Journal, July 17–18, 2010.

The greenwashing strategy of BP and Enron has been the subject of three recent posts at MasterResource:

They Loved BP and Enron: Climate Alarmism as the Great Environmental Distraction (Part I: Worldwatch Institute quotations)

BP’s ‘Beyond Petroleum’: Climate Alarmism as the Great Environmental Distraction (Part II: Why the ‘greenwashing’?)

Harvard Business Review Article: BP as Environmental Role Model (Part III on global warming as the great environmental distraction)

Don’t believe that “Beyond Petroleum” BP fooled the politically correct after Enron and even all the way up to the Deepwater  Horizon explosion/Gulf spill of April 2010?…

MasterResource, a free-market energy blog, continues to attract new talent and a growing audience. We have had approximately 45 authors to date, and our cumulative views have exceeded one-half million.

We are not a mega-blog, but we are an important addition to the energy literature that will, like a good book, be accessed and referenced for years to come.

At Technorati, MasterResource has consistently been in the top 25 (out of 1,550) “green” blogs and has reached as high as #7. But more importantly, serious students of energy policy are regulars at our site, reading our once-a-day, in-depth post or tracking down material on what Enron/Ken Lay really did, what Jim Hansen or John Holdren really said, or what BP was doing under John Browne. We preserve the excesses of the smartest-guys-in-the-energy-room for posterity.…

Many claim that wind generation is beneficial because it reduces pollution emissions and does not emit carbon dioxide.  This isn’t necessarily the case. The following article explains a phenomena called cycling where the introduction of wind power into a generation system that uses carbon technologies to back-up the wind  actually reduces the energy efficiency of the carbon technologies. Recent studies  with actual data have estimated the impact of cycling on air pollution and carbon dioxide emissions.

Energy modelers evaluating the impact of legislation such as Senator Bingaman’s American Clean Energy Leadership Act and the American Power Act proposed by Senators Kerry and Lieberman should take note for their models most likely are underestimating the cost of compliance by incorrectly modeling the integration of wind power into the electricity grid.

Wind is not a new technology.…

 “Are environmentalists cooling to the sun, wind, and water—energy sources they have long touted as ecologically superior to oil, coal, and nuclear power? A report by the National Audubon Society, now attracting considerable attention in Washington, warns that ‘renewable’ energy sources are far from benign.

Observes one startled environmental consultant: ‘Symbolically, it’s like someone in the nuclear industry saying nukes are dangerous. . . . ‘

Some of the side effects the study identified: air and water pollution caused by converting plant matter into energy; urban sprawl from solar collectors, which are best suited to detached, single-family houses; depleted forests from wood burning; and increased chances of earthquakes from hydropower dams.”

– Staff Article, “The Graying of the Green Lobby,” Fortune, February 7, 1983, p. 22.

What happened to environmental criticism of earth-scaring renewable energy?…